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Hello everyone, I am your uncle! $DORA Current price is 0.001587, up 4.20%. After a sharp drop on the daily chart, there has been a slight recovery rebound. The 24-hour trading volume reached 210 million, with very intense chip competition. Short-term resistance is at 0.001900, key support at 0.001117. Only by holding above the 0.001900 resistance level is there a chance to further recover the upper moving averages; once it breaks below the previous low of 0.001117 again, a new round of downward space will open. The daily RSI6 is only 26.08, in the oversold zone. MACD is still below the zero line, and the bearish major trend has not been completely reversed. This coin has been continuously falling from the previous high of 0.009800, remaining in a long-term downtrend channel. This rebound is merely a technical recovery after overselling, not a signal of trend reversal. The current market is very realistic. DeFi hotspots are being hyped one after another, but many old altcoins cannot catch the market trend, with funds prioritizing popular targets. The market is now waiting for inflation data to guide the overall market direction. With limited existing funds, old altcoins find it difficult to receive sustained capital inflows. Many people see oversold conditions and want to bottom-fish for doubling profits; don’t be impulsive. Oversold does not mean a big rise will happen immediately. Rebounds in a downtrend often contain many traps. This is only market observation and does not constitute investment advice $DORA #DeFi hotspot capital siphon effect appears #Market awaits inflation data to guide the market #Many old altcoins can’t keep up with sector rotation